India Construction Equipment Market Competitive Landscape & Forecast, 2022-2029
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India construction equipment market size at USD 7.18 billion in 2022. During the forecast period between 2023 and 2029, the India construction equipment market size is projected to grow at a CAGR of 8.67% reaching a value of USD 12.78 billion by 2029. Rapid urbanization and increased public and private investments in infrastructure development projects are two key driving factors for the India construction equipment market. The Indian government’s focus on developing smart cities and expanding manufacturing sector is also expected to drive the growth of the India construction equipment market over the forecast period. India Construction Equipment Market – Overview Construction equipment is heavy-duty machinery and equipment designed specifically for doing construction tasks, most frequently groundwork operations. In addition to maintaining a close ...